Opter (OPTER) Q4 2024 earnings summary

Executive summary

• Achieved 17% year-over-year revenue growth to 91.3 MSEK for 2024, with 20% growth in annual recurring revenue (ARR) to 85.8 MSEK.

• Added 93 new customers in the year, with strong performance in Sweden and Norway and expansion in Denmark and Finland.

• 88% of Q4 revenue was recurring, reflecting a stable SaaS business model.

• Board proposes a dividend of 2.91 SEK per share, totaling 17.5 MSEK.

Financial highlights

• Q4 2024 revenue rose 20% year-over-year to 24.4 MSEK; full-year revenue reached 91.3 MSEK, up 17%.

• Q4 adjusted EBIT was 4.8 MSEK (up from 3.6 MSEK), but reported EBIT was 2.9 MSEK due to 1.8 MSEK in non-recurring costs.

• Full-year EBIT increased to 21.5 MSEK (from 17.9 MSEK); net income after tax was 17.4 MSEK (up from 13.9 MSEK).

• Operating cash flow for 2024 was 16.1 MSEK (up from 13.8 MSEK); Q4 operating cash flow was 2.2 MSEK.

• No interest-bearing debt; net cash position of 29.9 MSEK at year-end.

Outlook and guidance

• Targets average annual revenue growth of ~15% in the short to medium term and total revenue of 100 MSEK by 2025.

• Aims for an EBIT margin of at least 30% medium-term and dividend payout of at least 60% of net income.